Hub Group Inc (HUBG)

Debt-to-equity ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Long-term debt US$ in thousands 164,361 187,240 209,875 230,775 245,574 243,834 238,213 236,160 240,724 217,771 188,058 174,669 177,479 165,652 143,101 154,341 176,797 149,004 167,857 284,076
Total stockholders’ equity US$ in thousands 1,645,000 1,626,270 1,641,130 1,622,220 1,634,640 1,629,070 1,610,740 1,659,050 1,599,600 1,517,380 1,535,190 1,426,970 1,340,310 1,255,120 1,207,080 1,176,500 1,157,920 1,135,010 1,105,840 1,088,710
Debt-to-equity ratio 0.10 0.12 0.13 0.14 0.15 0.15 0.15 0.14 0.15 0.14 0.12 0.12 0.13 0.13 0.12 0.13 0.15 0.13 0.15 0.26

December 31, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $164,361K ÷ $1,645,000K
= 0.10

The debt-to-equity ratio of Hub Group Inc has shown a decreasing trend over the past few years, indicating a relatively lower level of financial leverage. As of December 31, 2024, the ratio stood at 0.10, suggesting that the company has a lower level of debt relative to its equity. This trend continued from a ratio of 0.26 as of March 31, 2020, to the current level of 0.10 as of December 31, 2024. A decreasing debt-to-equity ratio generally indicates a stronger financial position and lower financial risk for the company. It is important to monitor this ratio over time to assess the company's capital structure and financial risk management practices.